Wave Analysis:
During the previous trading day, the US Dollar attempted a break above the upper trendline but ended up closing below it. As it is right now, I expect nothing but a possible break and a close below the level 137.870 to push the price to the lowerside towards 136.865 and will likely extend much lower. On this chart, a break and a close above 141.890 will push the price much higher towarrds 145.910 and may rally much higher.
Trade Recommendations:
We’re on the sidelines.
Origin: FreshForex
